Sensex jumps 1,400 points: Why is stock market rising today despite Iran war?
India Today
Sensex, Nifty jump: The main trigger for today's rally is growing hope that tensions in the Iran conflict may ease. Reports suggest that the United States is working on a possible month-long ceasefire and has shared a 15-point plan with Iran.
Stock markets opened sharply higher on Wednesday, extending gains for the second straight session, as easing concerns around the West Asia conflict and a sharp fall in crude oil prices lifted investor sentiment.
The S&P BSE Sensex rose 1,419.58 points to 75,488.03, while the NSE Nifty50 gained 452.10 points to 23,364.50 as of 10:50 am, with both indices up nearly 2%.
The main trigger for today’s rally is growing hope that tensions in the Iran conflict may ease. Reports suggest that the United States is working on a possible month-long ceasefire and has shared a 15-point plan with Iran.
US President Donald Trump said that progress is being made towards ending the war. At the same time, Iran has denied any direct talks, but markets appear to be reacting to the possibility of easing tensions.
Another key factor is the fall in crude oil prices. As of around 9:25 am, Brent crude was at $99.78, down 4.51%, while WTI crude was at $88.96, down 3.67%. Lower oil prices are positive for India as they reduce inflation pressure and ease concerns around energy costs.
Asian markets also supported sentiment, rising 1.9%, which added to the positive momentum in Indian equities.
The world is already feeling the heat as the West Asia conflict enters its fourth week, pushing global crude oil prices higher. In this article, we speak to experts to understand whether this shock could tip the world toward a recession.
The additional allocation will be subject to commercial establishments registering with oil companies and applying for a piped natural gas connection, according to a letter written by the oil secretary to states.
Civil Aviation Minister Ram Mohan Naidu said that the impact of the ongoing Iran war on the aviation sector is likely to be visible from April 1, when the Air Turbine Fuel (ATF) prices will be revised.
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The former RBI Govenor said a 15–20% global energy disruption would require sharp demand cuts, pushing oil to $150–$200 per barrel, risking severe economic stress if the conflict continues another month.
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The gold rate today is around Rs 1.5 lakh per 10 grams for 24-carat gold, while 22-carat gold is near Rs 1.4 lakh, with prices edging higher after recent losses. Silver is also seeing a slight uptick after a volatile phase.
Early indicators suggest a positive start. GIFT Nifty futures were trading at 23,250.5 at around 08:24 am, indicating that the Nifty 50 may open above Thursday's close of 23,002.15.
With multiple energy hubs under threat, the risk to global supply chains has increased sharply. For countries like India, which depend heavily on imports, this means higher costs and tighter supply in the near term.
In a statement, the central bank said it has taken note of the recent developments at HDFC Bank and has approved the transition arrangement proposed by the bank for the position of part-time chairman.